A triplex penthouse apartment in the Nine Elms area of Battersea, on the south
bank of the Thames, is on sale for £50 million — possibly a record price for
a location that, until recently, seemed unlikely ever to join the capital’s
elite neighbourhoods.The price is based on a gamble that this 200-acre area
of former industrial land can be transformed by the arrival of the US
Embassy — scheduled for 2017 — and the proposed extension of the Northern
Line, a project for which funding is yet to be secured. Nine Elms’ fortunes
also depend on the disposal of Battersea power station;